Joint bank account – Opening a joint bank account – NatWest

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Joint Bank Account

All you need to know about a joint bank account

A joint bank account is the same as having a sole account, except both parties have control over the account, including any arranged overdraft (subject to approval). You can open a joint account on any of our current accounts (excluding student, graduate and adapt accounts) and you do not have to be a sole account holder to have a joint bank account.

If you need to make payments that come from both parties, such as household bills, a joint bank account could be ideal. Discuss how much each of you pays into the joint account per month then you can set up a standing order for the money to automatically go into the account or simply pay in when it is convenient for you.

When opening a joint bank account, make sure that you trust who you are opening an account with, as the bank holds both parties liable for any matters, such as overspending and debt and any subsequent repayments.

Ensure you have discussed finances with each other as you will both be credit scored and once you have a joint account, you will be co-scored. Co-scoring takes into account both parties' credit scores and can affect any future applications for credit you both make.

If you and your partner pay your household bills by direct debit, we'll give you 2% back in Rewards with one of our Reward accounts. That's council tax, gas, electricity, water, phone, TV and broadband bills. That means for every £100 of household bills you get £2 back. Available in the UK to UK resident aged 18 and over. Monthly account fee applies.